Medicine: Balance Sheet

Not many professional organizations can show a balance sheet like the American Medical Association's. Last year, as usual the A. M. A. made money. Last week the A. M. A. Journal printed the Association's annual financial report: expenditures (mostly for publishing the Journal and investigating quacks, drugs and foods)— $1,693,067; income (mostly A. M. A. dues and advertising in the Journal) —$1,755,309; net profit—$122,242.

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